For Sale
47 Pope Street, Lapeer, MI 48446
$428,000
MLS # 20261017954 (Realcomp)
Built 18600.17 acres
1 / 19
Listing Description
Recent Price Improvement!!!6 Unit Multi-Family Investment Property – Near Downtown Lapeer. Each unit offers 1 bedroom and 1 bathroom, with separate gas and electric meters and individual furnaces—tenants pay their own utilities.Current Rent Roll: $4,200/month with one unit vacantFull Occupancy Potential: $5,050/month ($60,600 annually)Owner Expenses: Water and trashWith only one unit currently vacant and consistent rental income, this is a solid investment opportunity and an excellent addition to any real estate portfolio.
Source: SparkMLS
About this home
This 6-bath home built in 1860 sits in Lapeer in Lapeer.
Listed at $428,000.
Estimated annual property tax: $6,063, or about $505 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeMulti Family
Bathrooms6
Lot Size0.17 acres
Year Built1860
Location
CityLapeer
Zip Code48446
CountyLapeer
School DistrictLapeer
Construction & Systems
ConstructionVinyl Siding
HeatingForced Air
WaterPublic
Sale & Financing
Listed3/18/2026
Original Price$439,000
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$6,063
Parcel #L203880004000
Source: SparkMLS
Legal Description
CITY OF LAPEER ORIGINAL PLAT NE 1/4 SE'LY 36 FT OF LOT 4 & NW'LY 74 FT OF LOT 5 & SW'LY 60 FT OF VAC ALLEY IN BLOCK 40 (L=1 P=73 SEC 5, T7N-R10E)
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Kimberly A Bow
Real Estate One
Frequently Asked Questions about 47 Pope Street, Lapeer, MI 48446
Which school district serves 47 Pope Street, Lapeer, MI 48446?
Per MLS# 20261017954, 47 Pope Street, Lapeer, MI 48446 is in the Lapeer boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Lapeer directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 20261017954, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 47 Pope Street, Lapeer, MI 48446?
Per public tax records, annual property taxes for this property are $6,063. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 47 Pope Street, Lapeer, MI 48446 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 47 Pope Street, Lapeer, MI 48446 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 47 Pope Street, Lapeer, MI 48446?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the local police department or county sheriff's office.
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Monthly payment$2,776
Principal & interest$2,776
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
47 Pope Street, Lapeer, MI 48446
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Municipality
Lapeer
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